Convert Mozambican Metical to Lesotho Loti
Please provide values below to convert Mozambican Metical [MZN] to Lesotho Loti [LSL], or Convert Lesotho Loti to Mozambican Metical.
How to Convert Mozambican Metical to Lesotho Loti
1 MZN = 3.62175593594699 LSL
Example: convert 15 MZN to LSL:
15 MZN = 15 × 3.62175593594699 LSL = 54.3263390392049 LSL
Mozambican Metical to Lesotho Loti Conversion Table
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Mozambican Metical
The Mozambican Metical (MZN) is the official currency of Mozambique, used for all monetary transactions within the country.
History/Origin
The Metical was introduced in 1980, replacing the Mozambique Escudo, to stabilize the economy and modernize the monetary system. It has undergone several redenominations and reforms since its inception.
Current Use
The Metical is actively used as Mozambique's primary currency for everyday transactions, banking, and trade. It is issued and regulated by the Bank of Mozambique.
Lesotho Loti
The Lesotho Loti (LSL) is the official currency of Lesotho, used for all monetary transactions within the country.
History/Origin
Introduced in 1980, the Loti replaced the South African Rand at par and has since been managed by the Central Bank of Lesotho, reflecting the country's monetary independence.
Current Use
The Loti is actively used in Lesotho for everyday transactions, banking, and trade, and is pegged at par to the South African Rand.